Popular, Inc. Announces Redemption of Senior Notes Due 2023
Popular, Inc. (“Popular”) (NASDAQ: BPOP) announced today that it has delivered a redemption notice to The Bank of New York Mellon, as trustee, to redeem, on August 14, 2023 (the “Redemption Date”), all outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the “2023 Notes”) issued by Popular.
- Popular, Inc. (“Popular”) (NASDAQ: BPOP) announced today that it has delivered a redemption notice to The Bank of New York Mellon, as trustee, to redeem, on August 14, 2023 (the “Redemption Date”), all outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the “2023 Notes”) issued by Popular.
- The redemption price for the 2023 Notes will be a price equal to 100% of the principal amount of the 2023 Notes to be so redeemed, plus accrued and unpaid interest to the Redemption Date (the “Redemption Price”).
- The 2023 Notes are held only in book-entry form through The Depository Trust Company (“DTC”).
- Holders of the 2023 Notes need not take any action to receive payment of the Redemption Price.